Westpac Low Rate Card – Online Only Balance Transfer Offer

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Save with 0% p.a. interest on balance transfers for 26 months and a $0 first year annual fee when you apply online by 2 October 2018.

Transfer your existing debt to a new Westpac Low Rate credit card and you could enjoy a promotional rate of 0% p.a. interest for up to 26 months on balance transfers with a one-time 2% balance transfer fee. At the end of the promotional period, any of the remaining balance will accrue interest at the variable cash advance rate.

To take advantage of this offer, you’ll need to be a new customer, apply online and request the balance transfer when you apply during the promotional period.

Product NameWestpac Low Rate - Online Offer
Balance transfer rate (p.a.)0% p.a. for 26 months with 2% balance transfer fee
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (19.49% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)13.49% p.a.
Offer end date2 October 2018
Annual fee$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)19.49% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$25,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Annual fee$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Minimum Monthly Repayment2% or $10, whichever is greater
Late Payment Fee$15
Cash Advance Fee2% of the transaction amount or $2.50
Overseas Cash Advance Fee2%
Overseas ATM Withdrawal Fee$0
Foreign Currency Conversion Fee
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You'll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3%
of transaction value
Gambling Transactions AllowedYes
Additional Cardholder Fee$0
Number of Additional Cardholders1

Pros

  • A low purchase interest rate of 13.49% p.a.
  • $0 annual fee in the first year ($59 thereafter)
  • Balance transfer promotion of 0% p.a. for 26 months

Cons

  • This card has no rewards program.
  • A one-time 2% balance transfer fee applies.

Benefits and features of the Westpac Low Rate credit card

Here are the key highlights of the Westpac Low Rate credit card:

  • 0% p.a. on balance transfers for 26 months. Apply online as a new customer by 2 October 2018 and request a balance transfer at the time of your application to enjoy 0% p.a. interest on your debt for the first 26 months. A one-time 2% balance transfer fee applies. At the end of the promotional period, the variable cash advance rate applies to any remaining debt from the transfer.
  • $0 first year annual fee. When you apply by 2 October 2018, the first year's annual fee will be waived, saving you $59 p.a.
  • Low purchase rate. This card has a competitive variable purchase rate of 13.49% p.a.
  • Additional cardholders. Request an additional cardholder at no extra cost.
  • Interest-free period. If you repay your account in full by the due date on each statement, you can take advantage of up to 55 days interest free on eligible purchases in the following statement period.
  • Contactless technology. Use this card to tap-and-go for payments of under $100. You can also link your Westpac credit card with Samsung Pay or Google Pay or use the Westpac mobile banking app to make contactless payments with a compatible Samsung smartphone.

Rates and fees of the Westpac Low Rate credit card

Weigh up these costs to decide if the Westpac Low Rate credit card is right for you:

  • Annual fee. The Westpac Low Rate credit card has a standard annual fee of $59.
  • Cash advance rate and fee. If you use your card to make a cash advance, such as an ATM withdrawal, you'll collect an interest rate of 19.49% p.a. and will be charged a fee of 2% of the transaction amount or $2.50.
  • Currency conversion rate. If you use your card to make a foreign transaction overseas or online, you'll be charged a fee of 3% of the transaction value.
  • Late payment fee. If you miss a payment, you will have to pay a fee of $15.

How to apply for the Westpac Low Rate credit card

If you want to get 0% p.a. on balance transfers for up to 26 months, you need to apply for the Westpac Low Rate credit card online. This only takes a few minutes and you can speed up the process by making sure you meet the following requirements and have all the necessary information on hand.

Eligibility criteria

  • How old are you? You must be at least 18 years old to apply.
  • How much do you earn? You must have a minimum income of $15,000 p.a.
  • Are you an Australian citizen? You must be an Australian permanent resident or citizen and have a current Australian residential address. If you are a temporary resident, you may still apply through migrant banking.

Information and documents you’ll need

As part of the application process, you’ll need to provide the following details and documents:

  • Personal details. This includes your full name, date of birth, residential address, email address and contact number.
  • Proof of identity. You'll also need to provide some form of identification such as your driver's licence or passport.
  • Employment details. You'll need to provide details of your employment including your annual income and your employer's details.
  • Financial details. Westpac will also require your personal and financial details to assess your credit rating and source of income. If you receive government support and payments, you'll need to provide your Centrelink Pension Card details.
  • Balance transfer details. You’ll need to provide the details of the debt that you wish to move to the new Westpac Low Rate credit card. This includes the account name and number and the amount of debt that you want to transfer. Note that you can request to transfer a balance or balances from up to three non-Westpac, Australian-issued credit, charge or store cards.

The Westpac Low Rate credit card 0% p.a. for 26months balance transfer offer is highly competitive, allowing you to save on interest charges so that you can pay down your debt faster. This card also has competitive ongoing rates that are designed to ease the burden that comes with credit card repayments. As it's not the only low rate card on the market, compare credit cards to ensure that you find the right one for your needs.

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48 Responses

  1. Default Gravatar
    GeorgeJune 19, 2018

    I want to get my money out of the commonwealth and bank no big words no pussy footing around next hour how long will it take

    • finder Customer Care
      NikkiJune 19, 2018Staff

      Hi George.

      Thanks for your message and for contacting finder.

      We’re sorry to hear your frustration on Commbank, we completely understand where you’re coming from. However, please note that we don’t stand as a representation to them or any company featured on our website. To withdraw your funds from your bank, you’d need to go to them directly and their process will dictate how long it’ll take to take out your money.

      Hope this clarifies.

      Best regards,
      Nikki

  2. Default Gravatar
    philipMay 29, 2018

    what point scale per dollar spent thanks

    • finder Customer Care
      AshMay 29, 2018Staff

      Hi Philip,

      Thank you for visiting finder.

      The Westpac Low Rate Card does not let you earn points. You may check out this page to compare Westpac Altitude Rewards credit card options which will let you earn points for Westpac Altitude Rewards or Qantas Rewards Program.

      Just a reminder, please ensure to read the details, as well as the relevant Product Disclosure Statements / Terms & Conditions of the option before making a decision and consider whether the option is right for you.

      I hope this helps.

      Let us know if there is anything else that we may assist you with.

      Cheers,
      Ash

  3. Default Gravatar
    RahulMay 16, 2018

    I am not a permanent resident and currently bridging visa. Requirement states that I can still apply through migrant banking. Could you please tell me what is it and how can I apply for it? Will the balance transfer work if I apply through migrant banking?

    • finder Customer Care
      JhezelynMay 16, 2018Staff

      Hello Rahul,

      Thank you for your comment.

      Westpac Low Rate Card may be available to non-residents. To apply you must have a 457 visa with at least two years on it, and the application must be made in-branch. There are no minimum income requirements on this card, but your credit limit will be dependent on your income.

      Migrant banking for Westpac is explained here. It basically means that you open your bank account and savings account before you arrive.

      This page might be very helpful too. I hope this helps.

      Regards,
      Jhezelyn

  4. Default Gravatar
    SteveMay 10, 2018

    Hi , I have just been approved for this Westpac card, please inform me if the following plan is totally crazy or acceptable . I want to purchase a car from a Private seller . Can I use my rewards Card to Transfer say 10K to Pay Pal – use Pay Pal to pay for the car (noted some fees will apply to Pay Pal) assuming seller accepts pay pal then that transaction is done. Could I then consolidate the debt from the rewards card + any other debt from that card by using the Westpac offer , noted a 2% fee applies. So in theory, I would have 26 months to pay off the debt and I wouldn’t need to pay off the car in one hit or by getting a personal car loan?

    • finder Customer Care
      AshMay 11, 2018Staff

      Hi Steve,

      Thank you for visiting finder.

      To fund your PayPal account, you will need to link your Debit or Credit Card. If your Rewards Card is a Credit Card, you may need to confirm with your Bank if the transaction will be tagged as Cash Advance.

      If you have already been approved for the Westpac Low Rate Card, you won’t be eligible for the 0% p.a. balance transfer interest rate for any new debts you want to transfer after your application was approved. This is because the introductory balance transfer rate is only available if you apply online and request the balance transfer at the time of your application.

      Some credit cards have restrictions around which institutions you can balance transfer your debts from. This usually happens when credit card companies have financial ties to one another, or when both credit card companies are actually being financed by the same larger lending institution. You may want to check the available options here.

      I hope this helps.

      Let us know if there is anything else that we may assist you with.

      Cheers,
      Ash

    • Default Gravatar
      SteveMay 11, 2018

      Oh wow , so would that mean the card I just got approved for is kind of useless ? So the only option would be cancel and re-apply or the bank may be flexible ?

      Not sure what to do now

    • finder Customer Care
      ArnoldMay 12, 2018Staff

      Hi Steve,

      Thanks for your inquiry

      I’m afraid the balance transfer offer is available only to people you applied online and got approved. As for the bank’s leniency, it would be best if you could speak to them directly about this through phone or better yet, by visiting them personally.

      Hope this information helps

      Cheers,
      Arnold

  5. Default Gravatar
    AngelaMay 8, 2018

    If I do a balance transfer interest free for 22 months and I want to make standard purchases there after does this void the interest free and then the standard interest rate apply on the full owning amount including the balance transfer.

    • finder Customer Care
      JhezelynMay 9, 2018Staff

      Hello Angela,

      Thank you for your comment.

      For Westpac Low Rate credit card, the introductory offer is offered to new cards only, and you can avail 0% balance transfer for 26 months when you request to transfer balance at card application. After 26 months, the rate reverts to the variable cash advance rate

      If you want to request to have the balance transfer offered for 22 months only, you may need to get in touch with Westpac and see if they can adjust this for you.

      Regards,
      Jhezelyn

  6. Default Gravatar
    RandallMarch 26, 2018

    Hi, I went to the Westpac site and this offer does not seem to be available. The term offered is 24 months, and the first year annual fee is not waived. Any idea if the offer on the Finder website is still available?

    • finder Customer Care
      JeniMarch 26, 2018Staff

      Hi Randall,

      Thank you for getting in touch with finder.
      This offer of saving with 0% p.a. interest on balance transfers for 30 months and a $0 first year annual fee is still available when you apply online by 28 March 2018 through finder. Please click on Go to site so you can proceed with the application and take note of the eligibility criteria, terms and conditions, fees and charges that may apply.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

    • Default Gravatar
      RandallMarch 26, 2018

      Hi again, I have clicked on all possible buttons that say ‘go to site’ and ‘go to Westpac’s website’ and they all redirect me back to this page.

    • finder Customer Care
      JeniMarch 26, 2018Staff

      Hi Randall,

      I’m sorry about that. I suggest to kindly check or refresh your internet connection since I have double checked that the redirect link is working. In this page when you click on Go to site button you will be redirected to Westpac’s website showing the promo that you are applying for. There will have a small red rectangle button that says APPLY please click that. You will then be asked if you are a Westpac customer or not, just answer that then click CONTINUE which is showing at the lower part of the screen. Then you will be redirected to the page where you will input all the necessary answer to successfully apply for a new Westpac Low Rate Card.
      In the event that it is not working, you may refer to this link to proceed with your online application.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

  7. Default Gravatar
    robertMarch 22, 2018

    hi,
    will my reward points be affected if l balance transfer

    • finder Customer Care
      JeniMarch 22, 2018Staff

      Hi Rob,

      Thank you for getting in touch with finder. Doing a balance transfer has no impact to your reward points so you may still do a balance a transfer and keep your accumulated reward points. This card that you are looking at has no reward program.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

  8. Default Gravatar
    JacquieMarch 18, 2018

    Can I transfer the balance of my company credit card held in the name of the company? Or is this offer for individuals only

    • finder Customer Care
      AshMarch 23, 2018Staff

      Hi Jacquie,

      Thank you for reaching out to us.

      Westpac does not allow Balance Transfer between Credit Cards that has different names. You may look at this page for reference as you can see on the table the name of banks that does and does not allow the transfer between different people’s names.

      You may also reach out directly to Westpac to clarify if they have the option to transfer the balance from your Company Credit Card to your Personal Credit Card.

      I hope this helps.

      Please do not hesitate to reach out to us again if you have additional questions.

      Cheers,
      Ash

  9. Default Gravatar
    ElizabethMarch 14, 2018

    When will I know if I have been approved for a balance transfer?

    • finder Customer Care
      RenchMarch 18, 2018Staff

      Hi Elizabeth,

      Thanks for your inquiry.

      Applying for a new balance transfer credit card usually takes between 10 – 15 minutes and you can expect a response almost immediately. Once your balance transfer credit card application has been approved, it can take between one or two weeks for the balance to move to your new account.

      For Westpac, it will take up to 7 days to process a balance transfer once approved. Once you’ve applied for a balance transfer and it’s taken longer than two weeks to appear in your account, you can contact your new bank to confirm when you can expect the balance to appear in your account. Once it does appear in your account, you can start making repayments to pay it off before the promotional period ends.

      Hope this information has helped.

      Best regards,
      Rench

  10. Default Gravatar
    GailMarch 12, 2018

    I have a employee benefits Visa card with Westpac & would like to transfer my debt from another bank acc’s master card, will this be acceptable

    • finder Customer Care
      RenchMarch 15, 2018Staff

      Hi Gail,

      Thanks for your inquiry.

      Yes, you can do transfer balance(s) from up to 3 non-Westpac Australian issued credit, charge or store cards with Westpac Low Rate Card. You may contact Westpac directly to further inquire by clicking on the ‘Go to site’ button on this page.

      Best regards,
      Rench

Credit Cards Comparison

Rates last updated August 18th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Citi Clear Platinum - Exclusive Offer
14.99% p.a.
0% p.a. for 24 months with 1.5% balance transfer fee
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
finder Exclusive: Receive 0% p.a. for 24 months on balance transfers and a discounted annual fee in the first year. Plus, access to Citi World Privileges.
Westpac Low Rate Card
13.49% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
Westpac Altitude Platinum Card - Qantas
20.24% p.a.
$50 p.a. annual fee for the first year ($200 p.a. thereafter)
Earn 60,000 bonus Qantas Points when you spend $3,000 within 90 days of card approval. Plus, a $50 first year annual fee.
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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